https://meta.wikimedia.org/wiki/Wikimedia_Endowment ?
> On 13 Dec 2020, at 08:33, Yair Rand <[email protected]> wrote: > > According to the recent Independent Auditors' Report of the WMF [1], at some > point prior to the end of June 2020, an entity called the "Wikimedia > Knowledge Equity Fund" was established, and $8.723 million was transferred to > it by the WMF, in the form of an unconditional grant. The Fund is "managed > and controlled by Tides Advocacy" (a 501(c)(4) advocacy nonprofit previously > led by the WMF's current General Counsel/Board Secretary, who served as CEO, > Board Secretary, and Treasurer there). Given that a Google search for > "Wikimedia Knowledge Equity Fund" yields zero results prior to the release of > the report, it is clear that the WMF kept this significant move completely > secret for over five months, perhaps over a year. The Report FAQ additionally > emphasizes that the WMF "has no right of return to the grant funds provided, > with the exception of unexpended funds." > > The WMF unilaterally and secretly transferred nearly $9 million of movement > funds to an outside organization not recognized by the Affiliations > Committee. No mention of the grant was made in any Board resolutions or > minutes from the relevant time period. The amount was not mentioned in the > public annual plan, which set out rather less than this amount for the entire > grantmaking budget for the year. No application was made through any of the > various Wikimedia grants processes. No further information has been provided > on the administration of this new Fund, or on the text of the grant agreement. > > I am appalled. > > -- Yair Rand > > [1] > https://upload.wikimedia.org/wikipedia/foundation/f/f7/Wikimedia_Foundation_FY2019-2020_Audit_Report.pdf > > <https://upload.wikimedia.org/wikipedia/foundation/f/f7/Wikimedia_Foundation_FY2019-2020_Audit_Report.pdf>_______________________________________________ > Wikimedia-l mailing list, guidelines at: > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and > https://meta.wikimedia.org/wiki/Wikimedia-l > New messages to: [email protected] > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:[email protected]?subject=unsubscribe>
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